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Health & Welfare Plans Newsletter

July 24, 2024

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[Guidance Overview]

New HIPAA Privacy Standards for Reproductive Health Care: Action Required by Employer Health Plans

"Covered entities must comply with the new privacy standards beginning on December 23, 2024. The delayed compliance date allows time for employers to revise HIPAA privacy policies, procedures, notices, and other HIPAA documentation, as well as train employees who work with protected health information (PHI)."  MORE >>

McAfee & Taft

[Sponsor]

Enhance Your Skills with Online Training from Recognized Experts

Lorman Education Services leads the industry in providing the highest quality, cutting-edge educational seminars, products and information through various media. Discount for BenefitsLink readers -- learn more.

Sponsored by Lorman Educational Services

What Increased Health Plan-Related Scrutiny Means for Plan Sponsors

"In order to establish a better fiduciary process, ... plan sponsors should: [1] Establish a health and welfare plan fiduciary committee and defining its duties and powers in a charter; [2] Document committee responsibilities and decisions in the charter and in meeting minutes; [3] Develop committee processes for selecting medical third-party administrators and PBMs and monitor those on an ongoing basis; and [4] Report the compensation of consultants and brokers."  MORE >>

PLANSPONSOR; free registration may be required

Exceptional Usefulness and Quality icon The Role of Pharmacy Benefit Managers in Prescription Drug Markets (PDF)

51 pages. "As large health care conglomerates, some have argued that these PBMs' vertical integration with insurers and pharmacies would better position them to improve patient access and decrease the cost of prescription drugs. Instead, the opposite has occurred: patients are seeing significantly higher costs with fewer choices and worse care.... This report describes the Committee on Oversight and Accountability's findings that PBMs inflate prescription drug costs and interfere with patient care for their own financial benefit."  MORE >>

Committee on Oversight and Accountability, U.S. House of Representatives

2024 Commercial Drug Trends

13 pages. "Pharmacy benefits costs continue to rise year over year, driven by a variety of factors such as novel treatments, consumer demand, and federal legislation.... Based on drug mix through 2023, [Milliman projects] an overall average wholesale price (AWP) increase between 13% and 17% annually among commercial plans from 2023 to 2025. "  MORE >>

Milliman

BlueCross BlueShield of Vermont Seeks to Raise 2025 Insurance Rates

"If accepted, the new request to state regulators would increase premiums for individual health plans by 21% and small group plans by 24% in 2025."  MORE >>

VTDigger

[Opinion]

House Oversight PBM Hearing, Report Demand Reforms and Enforcement

"Patient steering, self-dealing formularies, spread pricing, take-it-or-leave-it contracts, the fee-for-nothing scam … legislators have seen enough that the PBM-insurers can no longer obfuscate these important issues. We applaud the committee for its work and encourage its members and the rest of their colleagues in Congress to finish the fight. Finalize PBM reform now and rein in these and other harmful PBM tactics"  MORE >>

National Community Pharmacists Association [NCPA]

Benefits in General

Pennsylvania Federal Court Refuses to Enjoin FTC's Noncompete Rule, Creating Split in Federal Courts

"In a sharp departure from her Texas judicial counterpart, Judge Hodge concluded that a preliminary injunction would be improper because the plaintiffs in the Pennsylvania case had not demonstrated that they would suffer any irreparable harm in the absence of such relief.... Judge Hodge also opined that the plaintiffs in the Pennsylvania proceeding are unlikely to succeed in their substantive challenge to the Final Rule." [ATS Tree Services, LLC v. Federal Trade Commission, No. 24-1743 (E.D. Penn. Jul. 23, 2024)]  MORE >>

Squire Patton Boggs

Using AI to Adapt Your Communication Strategy and Drive Engagement

"[1] AI can be a great antidote for writer's block ... [W]hile AI can provide an excellent starting point, it lacks nuance and emotion.... [2] For employee questions, a chatbot offers answers in a conversational, straightforward way.... The tool is only as helpful as the data used to build it.... [3] Some organizations use AI to analyze their population's HR data to effectively target messages.... Some organizations have limited the use of AI due to privacy or copyright concerns."  MORE >>

Brown & Brown, Inc.

Employee Benefits Jobs

View job as Senior Retirement Analyst for Dunbar, Bender & Zapf, Inc.

Senior Retirement Analyst

Dunbar, Bender & Zapf, Inc.

Remote / Pittsburgh PA

View job as Senior Retirement Analyst for Dunbar, Bender & Zapf, Inc.

Press Releases

Milliman Introduces Hueler Income Solutions® Think Income℠ Program for Retirement Plans

Milliman

PensionPro and Payroll Integrations Simplify 401(k) Compliance Testing for Third-Party Administrators

PensionPro

Webcasts and Conferences
(Health & Welfare Plans)

From ERISA to CAA: How Has Employer’s Fiduciary Responsibility Changed Over Time

RECORDED

McDermott Will & Emery LLP

Last Issue's Most Popular Items

Recent Supreme Court Opinions Likely to Impact Employee Benefit Plans

Willis Towers Watson

Why Millions Are Trying FDA-Authorized Alternatives to Big Pharma's Weight Loss Drugs

KFF Health News

Enforcement of ACA Transgender Care Regs Temporarily Blocked

Willis Towers Watson

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BenefitsLink® Health & Welfare Plans Newsletter, ISSN no. 1536-9595.

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